Word: havener
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...people haven't fully absorbed that the political rules have changed on Telstra, including those hard-driving executives who run the company. Since he arrived last year, chief executive Sol Trujillo has participated in a flamboyant campaign against the regulator, the Australian Competition and Consumer Commission; senior ministers are in thrall, if that's the right word, to his charm, moxie and talent to infuriate. Trujillo, however, is doing what he was hired to do: get the best deals possible for Telstra shareholders, hurt the competition and revamp the company for growth. The market has yet to applaud his efforts...
...Steve Irwin's all pretty interesting on the telly or in the movie and that, but by crikey, it's great when he gets bitten," he once told Australia's ABC television. "Now and again I do get bitten. But I haven't been killed. And it's that, you know, that sense of morbidity that people do have. There's no use sticking your head in the sand and going, 'Oh, no, they're only here because, you know, I talk well.' Nah, man, they wanna see me come unglued...
...notable that letterpresses, weighing up to 2,500 lbs. and made by companies with Old World names like Vandercook, Heidelberg and Chandler & Price, haven't been manufactured for decades. Not surprisingly, printers covet them. That's why a machine in good condition can fetch a high price. A Vandercook might go for as much as $6,000; four years ago, you could have bought one for less than $1,000. "If one machine breaks down, I want to have another one to back it up," says Webster...
Then why the recent spike in performance? One thing quant funds have had going for them lately is a market that favors value. Hyped-up fast-growing companies haven't done as well as more established, steady firms--and the latter are the sort of stock that quant investors often end up with. That's because their process, which usually includes hypothesis-testing an idea before it's added to the computer model, relies on historical data, and growth companies tend to work because of what has yet to happen. The fabulous returns of the past few years...
WHADDYA KNOW? If you know what number Da Bears retired to honor Dick Butkus, you'll probably score pretty high in the new NFL Gridiron Trivia Challenge game. If you're asking "Dick who?", you haven't got a Hail Mary's chance...